Money wise guy and his musings
Credit cards have always fascinated Vaibhav, who since his early days in the college have aspired to become a part of this mainstream media. Finding blogging as the perfect platform, Vaibhav puts his views on various personal finance topics especially, the wise use of the plastic. A Delhi University graduate, Vaibhav blogs regularly at
By Vaibhav Aggarwal

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Tuesday, November 18
Corporation Bank bagged two Awards

Recently Corporation bank has won Indira Gandhi Official Language Awards. Union Ministry of Home Affairs at New Delhi awarded the bank with the award. The bank has got the first prize under Town Official Language Implementation Committee (TOLIC) category and second prize under Nationalized Banks category.

It has been reported that bank has achieved great accomplishments in the implementation of the official language. Besides using Hindi language in the offices bank has promoted the...

Posted 11:26:18 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 17
Two new savings account for minors: Andhra bank

With the desire to develop the savings habit among the minors the banks are opening various kinds of savings account for them. Following the same Andhra bank has recently rolled out two such savings accounts for children.

One scheme is AB Little Stars which for the children in the age group of 10 to 14 years, and the other one is AB Teens this scheme is for the children of age 15 to...

Posted 11:45:59 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 17
Special campaign rolled out by Karnataka Bank

Mangalore based private sector bank – Karnataka bank on Saturday launched a special campaign for its customers. The Bank plans to open more than five lakh current and savings accounts in the next three-and-half months.

To open large number of savings account in under PMJDY the bank has decided to do door-to-door canvassing from November 15 to February 28. Karnataka bank has a huge network spread all across the country with 625 branches....

Posted 11:43:53 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 14
Indian Post wants to work as a complete universal Bank

It has been reported that Indian post wants to turn itself into a full fledge Universal bank. Chief post master stated that they are waiting for the nod of the RBI. Further he stated that there is a committee under Subramanian which has been formed; they are going to give some recommendations.

From past so many years Indian post is receiving deposits, mobilising savings in short working as the payment bank and now Indian...

Posted 11:23:18 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 13
CBI bank helped city police by donating barricades in Coimbatore

It has been noticed that banks actively participate for corporate social responsibility (CSR) activities for the economic development of different. Going for the same Central Bank of India has recently donated traffic barricades to the city traffic police in Coimbatore.

The deputy commissioner of the police stated that for the first time some bank has helped them in such a way. He appraised the bank for its help and efforts to them. Mr. Devendra...

Posted 11:40:22 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 13
Banks have opened 6.51 crore new accounts under PMJDY till now

Recent data records have shown that banks are vigorously working for the PMJDY. The data have shown that banks especially rural and public sector banks have opened nearly 6.51 crore basic savings bank deposit accounts. The banks are working mainly trying to help the underprivileged sections and opened savings accounts for individuals from low-income segments.

Seeing the pace it is expected that banks might cross the target of opening 7.5 crore bank accounts for un...

Posted 11:35:27 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 12
ICICI bank CEO actively participated in Clean India Mission

Banks have always actively participated in the activities related to the development of the country. Contributing to the same the CEO and MD of the ICICI bank Mrs. Chanda Kochhar took part in the clean India Campaign. Prime Minister Narendra Modi appraised Mrs kochhar for her participation.

Mr. Modi stated that he really applauds the dedication shown by her towards the Swachch Bharat Mission. Actively participating in the Mission the MD along with some...

Posted 11:36:45 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 12
Mr. Atal Aggarwal New Executive Vice president and head of DCB bank

Mr. Atal Agarwal has been appointed as the new Executive Vice-President and Head – Corporate Banking, Financial Institutions and Investment Banking of Development credit bank(DCB bank). It has been reported that Mr. Aggarwal has been appointed as the new Executive vice president and he will be joining the work by 1st December 2o14. Before this Mr. Aggarwal has worked as Managing Director and Group Head – Corporate & Financial Institutions with the Royal Bank...

Posted 11:34:06 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 11
New products launched by Repco Bank

To help the traders the Repco bank has decided to organize a loan campaign for them. The bank will organize this special loan campaign through which the traders will get the financial assistance. The traders can get the maximum of Rs 50 lacs with an interest rate of 14.5%.

The Chief Manager of the bank reported that the bank will provide the loan to the traders for their business development. In addition to...

Posted 11:24:05 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 11
Dena bank reported a drop down in its net profit

Public sector bank – Dena bank has reported a drop down of 51% in its net profit. The reports have stated that the profit of the bank has decreased to Rs 51.58 crore in the second quarter ended September 30, 2014-15.

Though in the previous year bank has reported an increase in net profit but this time there has been a fall in the profit of the bank. The net non-performing assets (NPAs)...

Posted 11:13:55 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 10
600th new branch of KVB inaugurated at Tamil Nadu

Lately Private sector bank - Karur Vysya Bank has opened 600th branch of the bank at Maduravoyal in Chennai. The bank is already having a large network of 317 branches in the state. This is the 318th Branch of the bank in Tamil Nadu. This is the 38th branch of the bank under the Chennai division. ACS Arun Kumar, President of Dr. MGR Educational and Research Institute, inaugurated the branch.

Posted 11:57:58 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 10
Corporation bank reported increase in its net profit

Corporation bank has reported that bank has earned a profit of Rs 160.51 crore. In comparison to this last the net profit of the bank was Rs 15.48 crore. Reporting the huge increase in the net profit the Chairman and managing director of the bank Mr. SR bansal has stated that the avoiding of the avoidable expenses has helped a lot to the bank in gaining this profit. The Gross NPAs increased to...

Posted 11:45:16 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 7
27th new branch of Andhra Bank in Gujarat

Andhra Bank last day unveiled the opening of its new branch in Gujarat. This is the 27th Branch of the bank in Gujarat. The branch is launched under the Ahmadabad Zone; it was inaugurated by Pradipsinh Jadeja, Minister of State for Law and Justice, Government of Gujarat in the presence of G Malleshwara Rao, zonal manager - Ahmedabad Zone.

At the inauguration the minister asked the public to come and open their accounts...

Posted 11:27:26 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 7
Indian Bank reported gain in its net profit

According to the reports Indian Bank has gained a marginal increase in its net profit. The Net profit of the bank for the second quarter ending September 30, 2014 stood at Rs. 314.33 crore. The total income of the bank increased from Rs 4,078.24 crore to Rs 4,340.32.

The bank reported that bank has gained a profit of Rs 305.76 crore. The net profits of the company declined by 16.3 per cent to...

Posted 11:19:24 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 6
Union bank of India revised its rates on advances for MSME sector

Last day Union bank of India unveiled that bank will slash down the rates for loans to MSME segment. In order to enhance the credit growth bank has planned to do so. Bank will reduce the rate ranging from 200 bps to 375 bps.

Currently the base rate of the bank - at which the bank lends to the other banks, is 10.25%. The new rates will be applicable from 3rd November, 2014....

Posted 11:52:53 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 6
Allahabad bank about to complete its 150 yrs of service in banking

One of the oldest banks of the country – Allahabad bank will be completing its 150 yrs of its existence. With its best banking service bank has travelled a long journey of its work. On the occasion of its 150th Anniversary Allahabad Bank's PragatiRath, which started in Kolkata, arrived in Goa and visited its five branches in the state.

Next year on 24th April bank will complete more than a century of its existence...

Posted 11:42:35 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 5
100th Branch of ICICI bank in Odisha

Second largest lending institution of the country –ICICI bank launched its 100th branch in Odisha. The new branch of the bank is opened at Raighar in Nabarangpur district. To celebrate this achievement the bank organized a blood camp at the main branch in Bhuwneshwar.

The customers can access the branch from 9am to 6 pm on week days and 9 am to 2 pm on Saturday. Branch will offer all the banking facilities...

Posted 11:30:39 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 5
Credit growth drops down this festive season

Recent data has showed that credit growth didn’t go up much this festive time. Usually in the festive season a high credit growth is expected but this time the retail loans were ahead of the credit demand. Due to the lending rates remained sticky at higher levels with Reserve Bank of India continuing with its tight monetary policy the growth was slow.

In the month of September the credit growth was noticed 6% only,...

Posted 11:26:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 4
Corporation bank working for the PMJDY

Corporation Bank is working for the PMJDY. Under this last day bank has offered account opening kits to beneficiaries in Haryana. Corporation Bank is suppose to cover 2277 villages under the PMJDY. Palpa Bank is one among them. The bank has opened more than 400 savings accounts in village. It is being ensured that proper banking facilities are offered either through the ATMs or the regular banking branches.

Besides these facilities other...

Posted 11:25:53 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 3
Financial literacy camp was conducted n Ukhrul in collaboration with United Bank of India.

With the desire to educate more people regarding the benefits and uses of banking the RBI organized a financial literacy camp at Ukhrul. Last week the camp was organized where the major benefits of banking, management of finance and current banking developments were highlighted.

The aim of such camps is to aware the people regarding banking and its advantages. The people are being taught about how they can open savings account and can safely save...

Posted 11:39:23 AM Complete Story | Post Comment | Read Comments(0)

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